1. What is 100 Betting Odds?

100 betting odds (also called "moneyline odds") is a format commonly used in the United States where positive numbers indicate how much profit you would make on a $100 bet.

2. How Does the Calculator Work?

The calculator uses the probability formula:

Where:

• \( Odds \) — The positive moneyline odds (e.g., 100, 150, 200)

Explanation: This formula converts American odds to implied probability, showing the likelihood of an outcome as estimated by the odds.

3. Importance of Probability Calculation

Details: Understanding implied probability helps bettors assess whether a wager offers value by comparing it to their own probability assessment.

4. Using the Calculator

Tips: Simply enter the positive moneyline odds to calculate the implied probability in both decimal and percentage formats.

5. Frequently Asked Questions (FAQ)

Q1: What does +100 odds mean?
A: +100 means you would profit $100 on a $100 bet (total return $200). This represents a 50% implied probability.

Q2: How do negative odds work?
A: Negative odds show how much you need to bet to win $100. This calculator only works with positive odds.

Q3: What's the difference between probability and odds?
A: Probability is the likelihood of an event occurring (0-1 or 0%-100%), while odds represent the payout ratio.

Q4: Why is implied probability important?
A: It helps identify when bookmakers' odds might offer value compared to your own probability assessment.

Q5: How accurate is this calculation?
A: The calculation is mathematically precise for converting positive moneyline odds to implied probability.